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John Michael Cione (CRD #1742561) is a registered broker and investment advisor currently employed with Independent Financial Group (CRD #7717) of San Diego, CA. His previous employers include Sentra Securities Corporation (CRD #10249) and Spelman & Co., Inc. (CRD #10232) both of Phoenix, AZ and Foresters Equity Services, Inc. (CRD #18464), also of San Diego. He has been in the industry since 1987.

FINRA Reports Brokers Nas Adel Allan and Gregory Anastos Made Unsuitable Recommendations on elderfinancialfraudattorneys.comOne of Cione’s customers recently filed a dispute, alleging that from September 2007 and August 2016, he made unsuitable recommendations for investments that incurred financial losses and “lost opportunity.” For this claim, the client is asking for damages of $671,490.00. Cione denies the claim and intends to defend it.

Cione has one previous regulatory disclosure from 1990, issued by the National Association Of Securities Dealers, Inc. (predecessor to FINRA.) He was censured and fined $2,000. No additional information is available.

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Kevin Richard Wilson (CRD #326701) is a registered broker currently employed with National Securities Corporation (CRD #7569) of New York, NY. His previous employers include Laidlaw & Company (UK) LTD. (CRD #119037), Aegis Capital Corp. (CRD #15007) and Gilford Securities Incorporated (CRD #8076), all of New York, NY. He has been in the industry since 1999.

Why Private Placements are Often Risky and Unsuitable Investments on silverlaw.comWilson has two disclosures, both pending customer disputes that were filed this year. The first was filed on 10/24/2018, alleging “unsuitability” from 2010 through 2017. The client requests damages of $2,000,000.00.

The second disclosure was filed on 07/09/2018, alleging over-concentration and unsuitability from 2009 through 2017. This client requests damages of $457,000.00.

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